Otherside Metaverse Lands Minting Starts Tomorrow
Otherside is an NFT Metaverse project created by Yuga Labs, founders of Bored Ape Yacht Club.
On April 26th, the mechanics of the minting was shared on the official Twitter page of the project. The minting was supposed to be held exclusively in ApeCoin, so the price of it pumped up to $27 USD. The users would still need some ETH for gas fees. Importantly, the minting requires the individuals to have done KYC, – only those approved would be able to mint during the auction. One unique wallet was supposed to be able to mint a maximum of 45 pieces of land, of which 20 could make part of the same transaction.
On April 29th, a day before the minting is supposed to start, the news page of Otherside has shared a post which states the actual rules of the minting. The new mechanics is going to be the following: one wallet will have a possibility to purchase a maximum of 2 lands in the first wave of minting. A land is going to cost a fix of 305 $APE.
After the news, ApeCoin holders have dropped a decent amount of it, making the price go down to $21 USD.
More than that, some of the users have noticed that the service criteria during the KYC do not really respect the ‘decentralization politics’. For instance, the individuals willing to participate in the mint must not reside in more than 20 countries, including Russia, Serbia, Albania, Korea, and others.
The ‘adventure’ will begin on April 30th at 12 ET, on the official website of Otherside.
Read related posts:
- Why ApeCoin dropped 40% during a disastrous land sale
- NFTs Are Coming to Instagram in Several Months, Zuckerberg Confirmed
- Solana-based NFTs Are Finally Live On OpenSea
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at valerygoncharenko@mpost.io
More articles
Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at valerygoncharenko@mpost.io
